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Daily Headlines
CSX to release 4Q 2015 results on Tuesday
(Source: CSX press release, December 16, 2015) JACKSONVILLE, Fla. — CSX Corporation will release fourth-quarter financial and operating results on Tuesday, January 12, 2016, after the market close. The company will host an earnings conference call from 8:30 a.m. to...
Grain shippers mixed on 2015 rail service
(Source: Agriculture.com, January 7, 2016) DES MOINES, Iowa — Agricultural shippers anonymously gave mixed reviews about the rail service they experienced in 2015, but they were certain on a few things. To start, they chose Union Pacific Railroad as the overall top...
CP Rail ‘applauds’ court ruling in Lac-Megantic case
(Source: Canadian Press, January 6, 2016) MONTREAL — Canadian Pacific Railway has welcomed a court ruling limiting its liability from lawsuits triggered by the transporting of dangerous goods, which could help the company in legal action related to the deadly...
DEA paid Amtrak employees nearly $1 million as informants
(Source: USA Today, January 7, 2016) WASHINGTON, D.C. — The Drug Enforcement Administration paid an Amtrak employee more than $850,000 during the past 20 years to serve as a confidential informant for the agency only to receive information that was always available to...
GAO study targets Amtrak improvements
(Source: Railway Age, January 7, 2016) NEW YORK — A U.S. Government Accountability Office (GAO) study released Jan. 6, 2016, “Amtrak: Better Reporting, Planning, and Improved Financial Information Could Enhance Decision Making,” recommends that Amtrak take certain...
AAR reports rail traffic down in 2015
(Source: Association of American Railroads press release, January 6, 2015) WASHINGTON, D.C. — The Association of American Railroads (AAR) today reported weekly U.S. rail traffic, as well as volumes for December 2015 and all of 2015. Carload traffic in December totaled...
Amtrak’s Boardman: ‘We have a safe rail system’
(Source: Here & Now radio program at WBUR, January 7, 2016) BOSTON, Mass. — Amtrak president and CEO Joseph Boardman says safety on the passenger rail system has improved since last May’s train derailment outside of Philadelphia that killed eight people. In this...
China approves $5.3 billion in high-speed rail projects
(Source: Economic Times, January 6, 2016) BEIJING — China's top economic planner on Wednesday approved two high-speed railway projects with a total value of 34.6 billion yuan ($5.28 billion), a move to hasten infrastructure projects to boost economic growth. Full...
CN to report 4Q 2015 and full year operating results on Jan. 26, 2016
(Source: CN press release, January 6, 2016) MONTREAL — CN will issue its fourth-quarter and year-end 2015 financial and operating results on Jan. 26, 2016, at 4.01 p.m. Eastern Time (ET). CN's senior officers will review the results and the railway's outlook in a...
Shippers push feds to demand freight rail data
(Source: National Rural Electric Cooperative Association, January 5, 2016) WASHINGTON, D.C. — NRECA and other customers of freight railroads say federal regulators should step up their data collection from the nation’s rail carriers to get a better handle on potential...
